Ultra Clean Hldgs Inc Stock Price, News & Analysis

Ultra Clean Holdings (UCTT) has been awarded the prestigious Intel EPIC Supplier Award for 2025, the highest supplier recognition from Intel. This exclusive honor acknowledges UCT as one of the top performers in Intel's global supply chain, highlighting their excellence in continuous improvement and performance excellence.

The award recognizes suppliers' dedication to EPIC performance - Excellence, Partnership, Inclusion, and Continuous Improvement. Among thousands of Intel suppliers worldwide, only a select few hundred qualify for the EPIC Supplier Program, with even fewer receiving this distinguished award.

To achieve this recognition, UCTT demonstrated exceptional performance in meeting Intel's strategic objectives and exceeded the highest expectations. The company's commitment to quality, technology innovation, and superior performance has been specifically praised by Intel's leadership, positioning UCTT among the best suppliers in the semiconductor industry.

Ultra Clean Holdings (UCTT) has scheduled its first quarter 2025 financial results announcement for Monday, April 28, 2025, after market close. The company will host a conference call and webcast at 1:45 p.m. PT on the same day.

Investors can access the call by dialing 1-800-836-8184 or 1-646-357-8785, with no passcode required. A replay will be available at 1-888-660-6345 or 1-646-517-4150 using confirmation code 84790#. The webcast will be accessible through the company's Investor Relations website section.

Ultra Clean Holdings (UCTT) announced the immediate resignation of CEO Jim Scholhamer due to personal health reasons. Clarence Granger, the company's Chairman and founding CEO, has been appointed as interim CEO while the board forms a search committee for a permanent replacement.

Granger, who has served on UCT's Board since 2002 and as Chairman since 2006, previously held multiple leadership roles including COO and Executive VP of Operations from 1996 to 2015, including 12 years as CEO. He brings extensive knowledge of UCT's operations, strategy, and industry relationships.

Under Scholhamer's leadership, the company experienced significant growth across semiconductor cycles and the global pandemic. UCT has expanded its portfolio of offerings, supporting various stages of industry growth from fab construction to equipment buildout and servicing. The company maintains ample capacity, operational excellence, and high-quality products to support increasing customer demand.

Ultra Clean Holdings (UCTT) reported strong Q4 and full-year 2024 results, with total revenue growing 21% year-over-year to $2,097.6 million, outperforming the WFE market. Q4 revenue reached $563.3 million, with Products contributing $503.5 million and Services $59.8 million.

Q4 GAAP net income was $16.3 million ($0.36 per diluted share), while non-GAAP net income was $22.9 million ($0.51 per diluted share). Full-year 2024 GAAP net income was $23.7 million ($0.52 per diluted share), compared to a net loss in 2023.

The company expanded its global manufacturing capacity to support a $4 billion revenue run rate. For Q1 2025, UCTT expects revenue between $505-555 million, with GAAP EPS between $(0.11) and $0.09, and non-GAAP EPS between $0.22 and $0.42.

Ultra Clean Holdings (UCTT) has announced the appointment of Joanne Solomon to its Board of Directors, effective February 3, 2025. Solomon brings over 35 years of financial and corporate leadership experience, including significant tenure as CFO for multiple public companies.

Notable in her career is her 16-year stint at Amkor Technology, where she served nine years as CFO. She began her career with Price Waterhouse as Audit Senior Manager and currently serves on the board of Viavi Solutions since February 2022. Solomon holds a BS in Business Administration with dual degrees in accounting and finance from Drexel University and an MBA in International Management from Thunderbird School.

Ultra Clean Holdings (UCTT) has scheduled its fourth quarter and full year 2024 financial results announcement for Monday, February 24, 2025, after market close. The company will host a conference call and webcast at 1:45 p.m. PT on the same day. Investors can access the call by dialing 1-800-836-8184 or 1-646-357-8785, with no passcode required. A replay will be available via 1-888-660-6345 or 1-646-517-4150 using confirmation code 80801#. The webcast will be accessible through the company's Investor Relations website section.

Ultra Clean Holdings (Nasdaq: UCTT) has announced its upcoming participation at the 27th Annual Needham Growth Conference in New York, scheduled for January 14 and 15, 2025. The company's engagement will include:

- One-on-one meetings with investors and stakeholders
- A Fireside Chat session scheduled for Tuesday, January 14, 2025, at 10:15 am Eastern time

The Fireside Chat will be accessible via live webcast, with both live streaming and replay options available through Ultra Clean's investor relations website at uct.com/investors/events-and-presentations/default.aspx.

Ultra Clean Holdings (Nasdaq: UCTT) has announced its participation in two major investor events in New York this November. The company will attend the 15th Annual Craig-Hallum Alpha Select Conference on November 19, 2024, followed by the Oppenheimer Non-Deal Roadshow on November 20, 2024. Both events provide opportunities for investors to engage with the company's management and learn more about Ultra Clean's business strategies and market position.

Ultra Clean Holdings (UCTT) reported Q3 2024 financial results with total revenue of $540.4 million, comprising $479.0 million from Products and $61.4 million from Services. The company posted a GAAP net loss of $(2.3) million or $(0.05) per diluted share, with gross margin at 17.3%. On a non-GAAP basis, net income was $15.9 million or $0.35 per diluted share. Looking ahead, UCTT expects Q4 2024 revenue between $535-585 million with non-GAAP diluted EPS of $0.34-$0.54. The company's performance was driven by increased equipment demand for AI infrastructure and sustained China market spending.